Summary
- MoneyGram has introduced a card backed by stablecoins that enables users to make purchases at any merchant taking Visa or to withdraw physical cash via MoneyGram.
- The card launches first in Colombia, utilizing technology from Stellar, Crossmint, and Rain.
- Stablecoin-powered cards are gaining traction as digital dollars expand beyond crypto trading and international remittances into daily transactions.
International remittance enterprise MoneyGram is bringing its stablecoin strategy to point-of-sale terminals by introducing a card that allows users to maintain a balance denominated in U.S. dollars and spend it wherever Visa is accepted.
The organization announced on Thursday that the MoneyGram Card will debut in Colombia before rolling out to additional regions in the upcoming months. Users can register through the MoneyGram application, incorporate the virtual card into their mobile wallets, and execute purchases either digitally or in brick-and-mortar stores. Additionally, they can transfer funds to themselves to collect physical cash in local currencies at physical MoneyGram branches.
The enterprise informed CoinDesk that the card will initially utilize Circle’s USDC USDC $0.9998 stablecoin, with MoneyGram’s proprietary MGUSD token integration planned subsequently.
MoneyGram stated its intention to launch a tangible plastic version later in the year, which will additionally facilitate ATM cash withdrawals. This payment tool was built in collaboration with Stellar blockchain, wallet platform Crossmint, and stablecoin payment company Rain.
This development aligns with stablecoins turning into a more prominent component of routine consumer finance. Tokens pegged to the dollar have evolved past their initial function as digital asset trading instruments, expanding into corporate treasury management, cross-border remittances, and international payments, while modern cards present a straightforward mechanism to utilize those funds via established consumer payment networks.
Card transaction metrics are beginning to reflect this transition, with stablecoin transaction volumes exceeding $1.1 billion during August, according to statistics from PaymentScan.
“We’re granting users heightened autonomy and oversight to handle their finances, consolidated within a single platform,” stated MoneyGram CEO Anthony Soohoo.
The product builds upon MoneyGram’s ongoing initiative to integrate stablecoin rails directly into its legacy remittance infrastructure.
That infrastructure gives the company a distinctive connection bridging virtual currency and physical cash, as MoneyGram reports serving upward of 60 million active clients spanning more than 200 countries and territories alongside approximately 500,000 retail locations.
Back in June, the corporation rolled out its proprietary dollar-pegged stablecoin MGUSD on the Stellar network, issued by Stripe’s stablecoin infrastructure subsidiary, Bridge.
Furthermore, MoneyGram was named among the participants in Open USD, a Stripe-led stablecoin project designed to distribute revenue among a coalition of supporters.
Read more: MoneyGram’s CEO says blockchain works best when customers don’t know it’s there
Originally published at https://www.coindesk.com/business/2026/09/08/moneygram-unveils-stablecoin-backed-card-as-digital-dollars-move-into-everyday-spending.
